Math, asked by sathishchelimalla9, 2 days ago

how much compound interest is earned by investing $ 20000 for 2 years at 5% per annum compounded annually​

Answers

Answered by fkcfsopasdkfmskof
0

Answer:

Hi ,

Principal ( P ) = Rs 20000

Time ( t ) = 6 years

Rate of interest ( r ) = 5%

Number of times interest paid (n) = 6

Amount = P( 1 + r/100 )^n

A = 20000( 1 + 5/100 )^6

A = 20000 ( 21/20 )^6

A = Rs 26801.91

Compound interest = A - P

C.I = 26801.91 - 20000

=Rs 6801.90

I hope this helps you.

: )

Step-by-step explanation:

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